- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

ABN AMRO launches Asian corporate finance business for global Energy, Commodities & Transportation clients

The bank’s ECT Clients business is one of the most active lenders to companies in these sectors globally.

Liontrust fund suffers dismal year

The fund managed to raise a significant amount of money in 2013, as investors bought into Mr Mabbutt’s process and track record at Thames River, LGT Asset Management and Baring Asset Management.

BlueBay, Hedge Funds Take On Asset Managers for UCITS

Since the financial crisis in 2008, the market for liquid alternative investments such as UCITS, or Undertakings for Collective Investment in Transferable Securities, has grown as investors seek hedge fund-like returns in more regulated funds.

Prospects for fresh financial products

The desire to generate income will become a primary focus of new products.

Hermes CEO urges pension funds to disclose fees paid to asset managers

Hermes Fund Managers’ Saker Nusseibeh believes it is the responsibility of schemes to drive long termism, not their asset managers

Financial spread betting firm eyes £1bn float

Former Tory co-treasurer says the firm could be listed in “months” if the market is right

L&G To Shut Down Ipswich Office

Insurance group Legal & General has revealed plans to shut down its Ipswich office in a move that is expected to result in approximately 140 job losses.

Skandia U-turns on £640m Woodford switch and Invesco closures

Skandia now says it has listened to further feedback and has been told by advisers that there is sufficient demand for the Invesco funds to remain open.

European Capital Debt Management closes debt finance fund

European Capital Debt Management Limited announced today that it has closed its new £100 million fund, European Capital UK SME Debt LP, a fund to provide debt finance in small and medium sized enterprises in the UK

ECI Partners notches up largest fund in its history

The group’s 10th fund became oversubscribed largely because ECI’s existing backers, which committed about 80 per cent of the capital, increased their investments by a third, on average.

Regulatory Costs Aside, Firms Aim to Keep European Limited Partners

BV Investment Partners, which this week closed its eighth buyout fund with $487 million, said this time around it made a concerted effort to build out a new base of limited partners in Europe.

JPMorgan Sees ECB Buying $53 Billion of Asset-Backed Bonds

The ECB is preparing to buy ABS as it strives to revive lending to small-and medium-sized businesses that employ about 70 percent of the European Union’s private-sector workers.

Billionaire investor taps Deutsche and UBS for hedge fund portfolio IPO-sources

Sources say they expect the closed-end fund to be listed on the London Stock Exchange before the end of the year.

Aberdeen Asset Management's SWIP acquisition takes Deal of the Year award

Fund manager's £550m acquisition of Scottish Widows Investment Partnership also won the Acquisition of the Year award

Equilibrium readies launch of in-house range

The firm said using its own funds will cut down on platform costs, and allow it to input any changes more quickly.

Cordea Savills Real Invest 1 buys two German assets for over €120 million

Cordea Savills has purchased two assets for over €120 million after further fundraising on behalf of Cordea Savills Real Invest 1, a German “Spezialfonds” for institutional investors.

CIB partners with Aviva on affinity product

The Collinson Group's broking division CIB has partnered with Aviva to offer affinity home insurance to corporate partners.

Miton drops PSigma brand

The Miton Group is to rebrand the PSigma funds it acquired last year with its own name.

AIMA updates flagship DDQ for hedge fund managers

The Alternative Investment Management Association has published an updated edition of its flagship due diligence questionnaire (DDQ), the AIMA DDQ for Hedge Fund Managers.

Chestertons launches London's AED821 million 'The Landau' project for Dubai investors

The project is based on the former site of one of London's largest horse drawn carriage depots that used to store the elegant landau carriages.

Alternative Investments